Yahoo!'s Mayer to get $23-million golden parachute

The company outlines a leadership plan after its proposed deal with Verizon

Yahoo Inc detailed a golden parachute of $23 million for Chief Executive Marissa Mayer as part of her planned departure from what’s left of the company after it sells its core assets to Verizon Communications Inc.

In securities filings Monday, Yahoo also outlined the leadership of that remaining business, placing board director Thomas McInerney at the helm of what will effectively be a holding company for Yahoo’s sizable stakes in Alibaba Group Holding Ltd. and Yahoo Japan. Ms. Mayer will continue as Yahoo’s CEO until the deal’s closing, at which point she will be replaced by Mr. McInerney and step